Scottish jurisdiction combines the respectability of the taxation systems of England and European Union and a high degree of privacy – thanks to the possibility not to file reports to the tax office and not to pay the certain part of the taxes.
It is necessary to take into account the limitations – in particular, the complex procedure of obtainment of a VAT number. However, if the VAT number is not required for the entrepreneurship, the Scottish jurisdiction deserves closer attention.
Scottish company cannot take advantage of the elimination of double taxation. This makes it unattractive from the point of view of dividends, interest and royalties, however, the competitiveness of the trade processes remains high.
A properly structured company without partners – the residents of Scotland – is also discharged from a significant part of taxation.